Thus those reformers, who look for a remedy by creating artificial carrying-costs for money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost:have been on the right track; and the practical value of their proposals deserves considerations. ... It is a sound thought which lies behind the stamped money.
About this quote
- What does it mean?
- Supports monetary reform ideas involving stamped currency to encourage circulation.
- In plain terms
- Stampping money regularly helps solve economic problems.
- What can you take from it?
- Policy changes can improve money flow.
Where it applies
Putting it to work
Questions to consider
- How does money move?
- What policies fix economy?
Another view
Stamped money may disrupt trust in currency stability.
More from John Maynard Keynes
I work for a Government I despise for ends I think criminal.
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Permalink to quote #3 In truth, the gold standard is already a barbarous relic.
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